Except for specific problem areas (health, social security) the economy will do just fine if not meddled with. This is the one piece of advice that Robert Solow got into Clinton's head at the start of his first term. Clinton largely followed this advice, and for that he deserves credit. (Yup, you heard it here first. )
I think we will be able to patch things up with Europe in four or five years, once we get rid of our "bull in a china shop" diplomacy, and Europe realizes that their somewhat inflexible economy won't be able to drive the whole world by itself. In short, we really do need each other.
Its going to take a generation to undo the damage we are about to do to our relations with the Arab world. Maybe less if the Israeli-Pal problem gets solved, but thats down the road. The real problem is whether ME demographics, poverty, religion blow the whole thing to hell long before it gets fixed.
I think we will be able to patch things up with Europe in four or five years, once we get rid of our "bull in a china shop" diplomacy, and Europe realizes that their somewhat inflexible economy won't be able to drive the whole world by itself. In short, we really do need each other.
Its going to take a generation to undo the damage we are about to do to our relations with the Arab world. Maybe less if the Israeli-Pal problem gets solved, but thats down the road. The real problem is whether ME demographics, poverty, religion blow the whole thing to hell long before it gets fixed.
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